This brief does demonstrates how pacific Countries tend to address the economic impacts of the COVID-19 pandemic and provides guidance on how these can be appropriately exited. To achieve the afore mentioned goals, this brief examines the type and design of tax stimulus introduced and estimates overall tax losses and losses attributable to tax measures, and the risks associated with such measure. Additionally, tax policy measures were expected to play an important role in providing relief to businesses when economic activities were disrupted because of the lockdowns imposed by governments. These measures varied from immediate to long-term measures such as extension of tax filing deadlines, tax deferrals, direct and indirect reductions in effective business tax rates, temporary and permanent tax deductions, tax waivers, and enhanced tax loss provisions.

Read more: https://www.adb.org/publications/exit-strategy-tax-responses-covid-19-pandemic